After having three rejections to the upside, it confirmed that the trend would continue to the downside. This was created on the 1 hour chart and the 1 day chart as well. Look for a good entry point and enter the trade. Good luck!
Hello Traders. As you can see price has formed a QM setup which you can enter a sell position as shown on the chart. You can cut loss if price manages to break the zone upwards or set a stop loss.
The USDCHF pair has been swinging from bullish to bearish from a weekly perspective on this pair. It has established strong resistances at 1.00571 to 1.00148, forming a double top as it tried to break these levels. The double top rejection resulted in the USDCHF pushing back down and bouncing off 0.94907. This price level corresponds to the 200 MA and the 0.5...
USDCHF breaks below the bullish trendline that has been holding price action since the beginning of the month to set the tone for a potential bearish drive in the coming week. This video explains my plans in that regard. idenRisk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...
USD_CHF Break trendline from bullish to bearish And a move Down towards the target SHORT
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Clearly a sell. We hit the resistance and we should go down. -DI will go above ADX and +DI. Close the position if the -DI goes below after the ADX after the -DI go above ADX and +DI.
Trend: The trend reverses as it has made a LL and LH. Candle Sticks: Bearish candle stick at LH of the chart. Parallel Descending Channel Resistance: The candle is formed at the channel's resistance. So the overall reasoning for taking a short from here is trend is downward making a descending channel with the formation of evening star at the channel resistance...
Buy idea for USDCHF pair this pair breaked out descending channel and its retesting it now once he touch the red trendline we will get into a buy position
#usdchf,16th-20th June weekly bar is key reversal bar made a new high closed off the low. 13th-17th June weekly insurance bar while last weekly bar 11th-15th july bar is key reversal bar dictation for weakness ahead. 0.9820 & 0.9880 supply zone for short. stop loss above weekly reversal bar i.e 0.9905 for target 0.9620.
This is for short term Please DYOR before entering the trade.
Please share your thoughts in the comments section below.
after the creation of reversal pattern '' Double Top '' we will wait for the breakout of the '' Necklien '' after we can take the sell position
after the creation of reversal pattern '' Double Top '' we will wait for the breakout of the '' Necklien '' after we can take the sell position
The Greenback have been very strong this past days, i think its time to short it short-term. i expect the USDCHF pair to drop down as it has began already this new week till we hit our level of support but my entry confirmation will be the break and retest of the Hourly chart neckline.
BULLISH PATTERN detected HH, HL formation Morning star at HL Taking Hourly support as a base Target is Hourly Resistance 2, same as the previous High Entry: .98314 SL: .98090
it may be a good idea to buy usdchf by long time he cannot break the resistance so it will retest then explosion to the top
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.